IP Licensing · glossary

Trade secret

Information that is secret, valuable because it is secret, and kept secret by reasonable steps. The Trade Secrets (Enforcement, etc.) Regulations 2018 add remedies for one. The steps in clause 5.4, such as limiting access and marking documents confidential, help the Know-How qualify. Chapter 5 · see Know-how, Confidentiality

Explained in Chapter 5, Know-How and Confidentiality, of IP Licensing.

How it comes up, in Chapter 5
The contract and the law of confidence protect know-how. The Trade Secrets (Enforcement, etc.) Regulations 2018 add remedies for a trade secret. Under the Regulations, information is a trade secret only if it is secret, valuable because it is secret, and kept secret by reasonable steps.
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Where this term lives

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